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Thursday, November 1, 2007

Jeweler to the stars of Hip-Hop, 'Jacob The Jeweler', has pleaded guilty to charges of falsifying records and giving false statements to investigators.

According to the Associated Press, Jacob The Jeweler (Real name: Jacob Arabov) plead guilty yesterday (Oct. 31) on charges of falsifying records and giving false statements to authorities in respect to an investigation into allegations of laundering $270 million in drug profits for the notorious "Black Mafia Family".

Under terms of the plea deal, Arabov will face up to 46 months in prison and pay a $2 million fine. Prosecutors agreed to drop the money laundering charges against Arabov.

"I realize I have made a terrible mistake and I accept the consequences of my actions," Arabov said in a news release issued through Brafman.

I believe that Jacob has snitched on a couple of people to make his sentence lighter!!!

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I am an educated female that is trying to become successful everyday of my life. I enjoy spending time with my family, reading, shopping, writing, and enjoying life.
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